Last Friday, the PSEi rose 4.8 percent on heavy volume of P20.4 billion. After months of continuous foreign selling, flows turned positive with P955 million in net foreign buying. This was despite the MCSI rebalancing which reduced the weighting of MSCI index stocks to accommodate the entry of Puregold Price Club. These remarkable moves were […]
Read MoreThe Hanoitimes – The sector saw a softer contraction than in April as the Covid-19 pandemic was brought under control in Vietnam. The Vietnam Manufacturing Purchasing Managers’ Index™ (PMI) rose ten index points in May, posting 42.7 up from April’s record low of 32.7, signaling a much softer decline in business conditions than in the previous […]
Read MoreThe World Bank expects the Cambodian economic activity to shrink 1 percent this year before rebounding to 6 percent next year under its baseline scenario for the country. Under this scenario, contained in the bank’s biannual update for Cambodia released Friday, agriculture would have the only positive contribution to GDP in 2020. Agricultural activities are […]
Read MoreTo cut or not to cut is the puzzle facing economists and analysts deciphering the Bank of Thailand’s interest rate decision-making, with pandemic pressures presenting the possibility of a zero policy interest rate. The Bank of Thailand cut its policy rate by 25 basis points to a record low of 0.50% on May 20 to […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) plans to deploy in July a more forward-looking compliance rating system in assessing the compliance of banks and other financial institutions in mitigating business risk. The BSP is reassessing the timeline for the implementation of the Supervisory Assessment Framework (SAFr) amid the impact of the coronavirus […]
Read MoreThe Bank of Thailand said it’s concerned about a recent rapid appreciation in the currency and added it’s ready to take steps to curb a climb that could imperil an already fragile economy. The baht’s near 2% rise against the dollar in the past month is among the steepest in Asia, aided by dwindling Thai […]
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